considerable exchange of personnelespecially at higher level in both Public andPrivate sector.

Mere som dette

5 TYPES AND FORMS OF BUSINESS OWNERSHIP

af Amanda Huynh - Fairwind Sr PS (1159)

Fishbone diagram

af Mindomo Team

Microeconomics - 2G03 - Chapter 1

af Remek Debski

McD (LA+C)

af Pero Gruyo

The private business are subjected to and regulated by governmental rules and regulations

both Public and Private Administration are complementing and supplementing each other

The managerial techniques of planning, organising, coordinating budgeting are common to both.

The principles of organization

PUBLIC ADMINISTRATION

consistent in procedure and uniform in dealings with the public

have a narrower content in public administration than in private administration

a defect in it will do more harm to the public.

Service to the community is the basic characterising public administration.

Public money is to be spend meticulously and according to the prescribed procedure

it does not allow private parties to compete with it

Public Responsibility

face the criticism of the public, press, and political parties

Less efficiency

Corruption

Reptapism

Extravagance

Deals with various types of the needs of the people

Only less amount of money is rasied by taxation, which is necessary for the redering of service

Motive of service

Carry out the order which administrator gets from political executive

PRIVATE ADMINISTRATION

Uniform Treatment

not bother much about uniformity in treatment

Public Relation

does not have a narrower content in private administration

Social Consequence

It will be less harm because if any harm done, it will be of less significance and thereby may be negligible

Social Prestige

Private administration carries less social prestige than public administration

Financial Meticulousness

no external financial control

Monopolistic

several administrations compete with each other to supply the same commodity or meet the same needs

Public Responsbility

only responsible to the people indirectly and that too for securing its own ends and not for the welfare of the people

Efficiency

level of efficiency is superio

Nature of Function

Subtopic

does not cover so many aspects of human life

Service and Cost

income of funds exceeds expenditure

Profit Motive

Motive of profit making

Political Direction

functions largely on the basis of direction and regulation of market forces

the public sector is expected to follow the principles of 3E‘s that is efficiency, economy and effectiveness as practiced by the private sector

considerable exchange of personnel especially at higher level in both Public and Private sector.